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04 November 2018, 02:38 | Austin Hogan
Trump Confident of Fair Trade Deal with China
"The two countries' trade teams should strengthen contact and conduct consultations on issues of concern to both sides, and promote a plan that both can accept to reach a consensus on the China-U.S. trade issue", Xi said.
A telephone call between Presidents Xi Jinping and Donald Trump might have increased the possibility of a truce in the trade war, but the strategic dispute between Beijing and Washington is a long way from being resolved, according to a Chinese government adviser and other observers.
Trump's comments came a day after a phone call with Xi that he described as "very good.".
The news agency said it was not clear if Trump was easing up on demands that China has resisted, and it cited one person as saying intellectual property theft was a sticking point on a possible deal. -China trade talks can not resume until Beijing outlines specific actions it would take to meet USA demands for sweeping changes to policies on technology transfers, industrial subsidies and market access.
The head of the White house Donald trump said that he expects to conclude trade deals between the United States and China.
Kudlow also added that Trump "could pull the trigger" on additional tariffs on Chinese imports, depending on how talks go.
Trump Asks for Draft Trade Deal With China
The Chinese president was also quoted as saying that he was willing to meet Trump in Argentina during the G-20 summit. The United States has slapped tariffs on over $250 billion of Chinese exports this year and is threatening more.
The news comes as the volatile trade relations weigh in on the USA stock market, with stocks taking a turn after a rally in world equity markets came to a close and gains reversed on Wall Street. "And I think it'll be a very fair deal for everybody, but it will a good deal for the United States", he said. At a campaign rally in Columbia, Missouri, he added: "They want to make a deal". And he has previously made concessions to USA adversaries that have drawn backlash from both Democrats and Republicans.
"He wants to do it", Trump said of Xi. -China Business Council in Beijing, said there were plenty of challenges that would require significant negotiations in advance of a meeting between Trump and Xi to ensure success. The conversation was mainly about trade, but also about North Korea.
"The best situation (from a Trump-Xi meeting) would be no further actions, temporarily".
"We will see what happens at the G20 and with Liu's talks, but I am not optimistic that anything momentous will come out of this", Zimmerman said.
Bloomberg reported on Friday that Trump wants to reach a trade agreement with China at the G20 meeting.
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